Conway MacKenzie provided financial advisory, process improvement and strategic planning services to a large fruit processor.
Conway MacKenzie’s Agriculture Advisory Services team evaluated business operations and developed an improvement plan that allowed the company to survive. The plan included changes in production planning, purchasing, inventory management, and storage. The team also managed liquidity and working capital as well as lender negotiations.
Through the action plan developed by Conway MacKenzie and ownership, the company was able to increase annual pounds processed by over twenty percent. With the new inventory and storage management plans, the company saw a significant reduction in external storage costs as well as a reduced working capital need. The company also maintained strong relationships with its key suppliers. Due to the involvement of Conway MacKenzie, the company successfully renewed its credit facility with its existing lender. The company continues to operate with much greater visibility into its operations and cost structure. The community has also retained a company that provides over 1,000 jobs.